Liquidations

Flowscope shows liquidations three ways: the forced liquidations that already happened, where liquidations are likely to sit according to a model, and, on Hyperliquid, where real positions have their liquidations, stops and take-profits.

Liquidation markers

The Liquidations study marks forced liquidations on the price pane, longs and shorts in their own colours. Set Hide below USD to show only the large ones. It is on the heatmap charts of the presets by default.

Liquidations come from the venues’ websocket streams on derivatives markets. Per-bar totals are also available as Bar Stats rows.

Liquidation heatmap

The Liquidation Heatmap estimates where open positions would be liquidated, on Binance Futures, Bybit and OKX. Aggregated markets sum the venues.

How the model works:

1. Added open interest in each interval is attributed to longs or shorts by taker side, at the interval’s VWAP.
2. Each entry is projected to liquidation prices at 5×, 10×, 25×, 50×, 75× and 100× leverage, weighted 10 %, 25 %, 30 %, 15 %, 8 % and 12 %, with a maintenance margin of 0.4 %.
3. A level is removed when price trades through it. Falling open interest shrinks the closing side.

Levels are recorded as runs and drawn like the order-book heatmap.

Profile at the price axis

Profile of the standing levels at the price axis (on by default) draws the levels standing now as a horizontal profile at the right edge of the chart, left of the book profile, in the heatmap’s colours. The largest long level (below price) and short level (above) are written beside it, for example L $140K. Rows are merged to at least 4 px.

Every standing level keeps its notional per leverage tier, also on aggregated markets, so turning tiers off shows, for example, only the high-leverage levels close to price. Levels restored from a saved session count by the tiers’ weights until positions open at their price again. The heatmap itself always shows every tier.

Hyperliquid maps

Hyperliquid is transparent: every trade names its buyer and seller, and any account’s positions and orders can be read. Flowscope uses that to show where real positions keep their take-profits, stops and liquidation prices. These maps are measured, not modelled.

The three heatmaps:

Every 10 seconds each coin is sampled into price buckets of about 0.02 % of the price. Position TP/SL orders count the whole position; sized ones count at most the position. Triggers that cannot close the position, and levels more than 4× away from the mark, are ignored.

Each heatmap has its own colour ramp (Thermal by default), range slider, contrast, saturation and opacity.

Which charts show them

The maps are per Hyperliquid coin, and Flowscope finds the coin from any market of it: BTCUSDT, BTC-USDT-SWAP and the aggregate BTC all map to Hyperliquid BTC; 1000PEPE maps to kPEPE. You can lay the Hyperliquid maps over a Binance chart of the same coin. A market with no source shows a note instead.

Coverage

The maps are only as complete as the set of accounts Flowscope has read. Coverage is the share of Hyperliquid’s open interest held by the tracked accounts.

For a coin the hub does not record, discovery finds frequent and large traders first and small accounts slowly, history starts when you open the coin, and there are no positioning footprints. When the data hub records the coin, Flowscope loads the last 3 hours, refreshes every 10 seconds and loads older history as you scroll back. See Recorder: Hyperliquid.

Hyperliquid positioning footprints

Three footprint studies draw, per bar and price, what Hyperliquid trades did to positions:

A taker buy that flips a short into a long counts as a closed short plus an opened long. Display draws the values as a cluster (numbers in shaded cells) or a profile (bars growing from the bar’s left edge).

These footprints need the complete trade stream, so they are only available from the data hub’s recorder. Each minute also records how much of the volume each figure covers; open-interest changes are counted only where both sides of a trade are tracked.